CGVIX vs. GRNJ

Last updated Jun 24, 2026

CGVIX (Causeway Global Value Fund) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both funds - CGVIX is a Global Equities fund managed by Causeway, while GRNJ is a Mid Cap Blend Equities fund actively managed by Fundstrat. A 0.60 correlation means they provide meaningful diversification when combined. CGVIX charges 0.85%/yr vs 0.75%/yr for GRNJ.

Performance

CGVIX vs. GRNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Causeway Global Value Fund (CGVIX) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CGVIX achieves a 5.46% return, which is significantly lower than GRNJ's 22.19% return.

CGVIX

• 1D: 0.12%
• 1M: 3.49%
• YTD: 5.46%
• 6M: 5.46%
• 1Y: 28.19%
• 3Y*: 21.05%
• 5Y*: 13.16%
• 10Y*: 12.72%

GRNJ

• 1D: -2.56%
• 1M: 1.56%
• YTD: 22.19%
• 6M: 17.63%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CGVIX vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
CGVIX Causeway Global Value Fund	5.46%	8.80%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	22.19%	6.02%

Correlation

The correlation between CGVIX and GRNJ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.60

Return for Risk

CGVIX vs. GRNJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CGVIX

CGVIX Risk / Return Rank: 39
CGVIX Sharpe Ratio Rank: 44
CGVIX Sortino Ratio Rank: 46
CGVIX Omega Ratio Rank: 43
CGVIX Calmar Ratio Rank: 30
CGVIX Martin Ratio Rank: 31

GRNJ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CGVIX vs. GRNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Causeway Global Value Fund (CGVIX) and Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CGVIX	GRNJ	Difference
Sharpe ratio: Return per unit of total volatility	1.80	—	—
Sortino ratio: Return per unit of downside risk	2.63	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	1.95	—	—
Martin ratio: Return relative to average drawdown	6.60	—	—

Drawdowns

CGVIX vs. GRNJ - Drawdown Comparison

The maximum CGVIX drawdown since its inception was -62.29%, which is greater than GRNJ's maximum drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for CGVIX and GRNJ.

Drawdown Indicators

	CGVIX	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-62.29%	-17.32%	-44.97%
Max Drawdown (1Y) Largest decline over 1 year	-15.00%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.84%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.26%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.30%	—	—
Current Drawdown Current decline from peak	-1.54%	-4.23%	+2.69%
Average Drawdown Average peak-to-trough decline	-10.15%	-4.09%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	—	—

Volatility

Volatility by Period

	CGVIX	GRNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.24%	30.86%	-14.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.43%	30.86%	-8.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.06%	30.86%	-8.80%

CGVIX vs. GRNJ - Expense Ratio Comparison

CGVIX has a 0.85% expense ratio, which is higher than GRNJ's 0.75% expense ratio.

Dividends

CGVIX vs. GRNJ - Dividend Comparison

CGVIX's dividend yield for the trailing twelve months is around 9.35%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CGVIX Causeway Global Value Fund	9.35%	9.86%	24.61%	2.36%	0.88%	3.30%	1.36%	4.77%	18.28%	8.49%	1.37%	3.26%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CGVIX and GRNJ in my portfolio?

CGVIX and GRNJ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.